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Mobile Home Park Details

  • Price: $1,730,000
  • Property ID: 1141627
  • Posted On: Oct 3, 2019
  • Updated On: Oct 3, 2019

Property Description

Sunstone is pleased to present for sale Fulton MHP & Self Storage, a 73-site plus 2 apartments, all-age community located in Fulton, Illinois. The community is operating at 82% occupancy and current site rent is $331. The property is serviced by city water and sewer and is billed back to the tenants along with trash. There 26 community owned homes with an average age of 2005 that must be purchased in conjunction of the real estate. Fulton is only 45 miles from the Quad Cities International Airport and 74 miles from the Chicago Rockford International Airport.

Park Sale Price: $1,730,000.00
Homes Sale Price: $572,000.00
Total Price: $2,302,000.00
NOI: $146,908

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Park Information

Number of MH Lots: 73
Total Occupancy: 82.0 %
Average MH Lot Rent: $331

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